Applicability of Short Term Additional Surveillance Measure (ST-ASM)

Description

BSE announces securities shortlisted for ST-ASM framework and those moving out, effective July 30, 2025.

Summary

BSE has announced the securities shortlisted for Short Term Additional Surveillance Measure (ST-ASM) framework and those moving out of the framework, effective July 30, 2025. Four securities are newly added to ST-ASM while two securities are exiting the framework.

Key Points

• 4 securities newly shortlisted for ST-ASM framework: Brightcom Group Ltd, IIRM Holdings India Ltd, The Phosphate Company Ltd, and Vimta Labs Ltd
• 2 securities moving out of ST-ASM: Mirc Electronics Ltd and Panth Infinity Ltd
• No securities moving to higher or lower stage ASM within the framework
• Consolidated list shows 20+ securities currently under ST-ASM Stage I
• Framework includes special markings for SME scrips (@) and T+0 scrips (~)

Regulatory Changes

Implementation of Short Term 5/15/30 Days ASM framework with specific staging for securities based on surveillance criteria. Securities can move between different surveillance frameworks (LT-ASM, Trade for Trade, GSM, Pledge, ESM).

Compliance Requirements

• Trading members must comply with ST-ASM framework requirements for listed securities
• Enhanced surveillance measures apply to identified securities
• Special handling required for SME and T+0 scrips under the framework

Important Dates

• July 30, 2025: Effective date for all ST-ASM framework changes

Impact Assessment

The ST-ASM framework affects trading conditions for the identified securities, potentially impacting liquidity and trading volumes. Securities under surveillance may experience restricted trading parameters and enhanced monitoring by the exchange.

Impact Justification

Affects trading conditions for multiple securities under surveillance framework